Is Your Financial House Haunted?

Is Your Financial House Haunted?

It’s nighttime, and you’re walking down a long, dark hallway with only
a flashlight to guide you. Suddenly the light falls upon a horrifying
sight — is it a creepy clown? Or a flesh-eating zombie? Oh no, it’s
something far more ghastly.

Behold the terror of your credit score!

Feel the chill of a depleted savings account! Scream as you imagine
your 401(k) balance!

While lots of people love a good scare at the movies, no one does when
it comes to finances. People often fear their finances because they are
full of the unknown and unexpected, as it’s common to imagine
worse-case scenarios and be afraid of things that may not even exist.
If these feelings sound familiar, how can you chase away the fear and
become financially confident?

The terror of the unknown

Just like in a horror flick, the unknown can bring a sense of dread. It
can be fun to peek through your fingers as you wonder if there’s a
vampire lurking around the corner. Much less fun is wondering if you’re
prepared for retirement. Fortunately, unlike the protagonist who
wanders down a dimly-lit hallway, you are not alone.

Financial professionals can help you face your fears, and even help to
prevent a few shocks along the way. By working with a professional,
you’ll be better able to perceive whether your fears are real ghosts,
or just sheets blowing in the wind. Together you can create a written
financial plan, and prioritize the behaviors that help to enable
financial confidence. The result: ghosts, busted.

These behaviors include learning about financial principles and
solutions, having a written financial plan, owning growth and
protection solutions and maintaining a long-term focus. Your go-to
finance wizard can also help adjust your plan as your life goals shift,
and help to keep you on track for the long-term.

The shock of the unexpected

Sometimes the hero walks into an eerie room — and suddenly — a monster
jumps out. The audience screams in surprise. It’s shocking because we
don’t expect it. Unfortunately, real life can deliver frightening
surprises, too. For instance, approximately one in four workers in
their twenties will
experience a loss of income, due to disability, at some point in their
career. With this in mind, income protection in the form of disability
insurance replaces your income in the event of an illness or accident.

Whole life insurance is another important guard against the unexpected. If
you die prematurely (hopefully, not at the hands of a horror-movie ax
murderer!), whole life provides financial security to your loved ones.
Hopefully this unforeseen event will never happen, but in the meantime, you
can use whole life to make improvements today, such as by funding higher
education or a business.

The mystery of the illusion

Effects teams work hard to create terrifying haunted houses on film. But
once the movie wraps, and the lights come on, we see that the set is made
of tricks to deceive us. The flickering lights, the fog machine and the
recording of ghostly sounds are all gimmicks intended to send chills down
our spine.

Often our financial fears are the same — what we’re afraid of isn’t real.
We might think we can’t recover from a poor credit score, but that’s not
true. Likewise, it’s never too early, or too late, to begin to save, live
within our means or plan our retirement. When we sit down with a financial
professional, we see that the worries were just our minds playing tricks on
us. There is nothing to fear, and only financial confidence to gain.

Do you know how to set up your financial goals for success? This knight does.

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The content is developed from sources believed to be providing accurate information.
The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals
for specific information regarding your individual situation. Some of this material was developed and produced by
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This material is intended for general public use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation.